Canada Revenue Agency Confiscates Property & Assets in Tax Evasion Case

Two HNW property developers in Canada are suspected of money laundering and have had the first use of the proceeds of crime seizure law enacted on them.

The Canada Revenue Agency has enacted the Criminal Code crime provisions for the first time ever to confiscate 6 properties in Canada and a vehicle owned by the two landlords and property developers. The Ottawa men have been charged with tax evasion and money laundering offenses and will be sentenced accordingly, as per the CRA.